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Megawide finalizing loan deal for hospital PPP venture

Megawide finalizing loan deal for hospital PPP venture

Business World, 18 December 2013 By Cliff Harvey C. Venzon   LISTED BUILDER Megawide Construction Corp. is wrapping up a deal for a syndicated loan worth nearly P3 billion that will help bankroll the current administration’s first hospital public-private partnership (PPP) project, a senior company official said yesterday.   “We are almost done with the... continue reading

PH, Korea firms to secure LRT 2 consultancy contract

PH, Korea firms to secure LRT 2 consultancy contract

Philippine Daily Inquirer, 17 December 2013 By Miguel R. Camus   The consultancy contract for the Light Rail Transit Line 2 (LRT 2) extension in Cainta, Rizal, soon may be awarded to a Korean-Filipino group after their lone offer cleared a key hurdle. The consortium of Foresight Development and Surveying Co., Soosung Engineering Co. Ltd.... continue reading

Gov’t gives MRT 7 proponent 6 months to secure project financing

Gov’t gives MRT 7 proponent 6 months to secure project financing

InterAksyon, 17 December 2013 By Darwin G. Amojelar   MANILA – The government wants the proponent of Metro Rail Transit Line 7 (MRT 7) to complete financial closure in less than a year to expedite the project. National Economic and Development Authority (NEDA) Director-General Arsenio Balisacan today told reporters that the NEDA Board, which President Aquino chairs,... continue reading

BIDS SUBMITTED TO OPERATE AND EXPAND MACTAN-CEBU INTERNATIONAL

BIDS SUBMITTED TO OPERATE AND EXPAND MACTAN-CEBU INTERNATIONAL

Airport World, 16 December 2013 By Justin Burns   The consortium of India’s GMR Infrastructure and contractor Megawide Construction has submitted the highest bid to operate and expand Philippines’ Mactan-Cebu International Airport, according to reports. Reports claim they submitted a bid of PHP14.4 billion pesos (US$326 million) for the 25-year concession to run the country’s... continue reading

Gov’t eyes consultations on planned airport projects

Gov’t eyes consultations on planned airport projects

The Philippine Star, 16 December 2013 By Lawrence Agcaoili   MANILA, Philippines – The Aquino administration is set to consult major stakeholders on the planned bundling of major airport projects being under the government public private partnership (PPP) scheme after successfully attracting foreign and local firms for the P17.5-billion Mactan Cebu international airport expansion project.... continue reading

DPWH extends deadline for Calax bid submission

DPWH extends deadline for Calax bid submission

Philippine Daily Inquirer, 15 December 2013 By Miguel R. Camus   The government is giving four bidders more time to prepare their offers for the 47-kilometer Cavite Laguna Expressway (Calax) as the Department of Public Works and Highways extended next year’s  Jan. 20 bid submission deadline to April 21. The decision was confirmed by Public... continue reading

Mactan airport bidders to keep groupings for other PPP projects

Mactan airport bidders to keep groupings for other PPP projects

Philippine Daily Inquirer, 15 December 2013 By Miguel R. Camus   Major conglomerates that participated in last week’s P17.5-billion Mactan Cebu International Airport concession auction are looking forward to other airport Public Private Partnership (PPP) deals that will likely be offered by the transportation department next year. This follows the strong interest in the Mactan... continue reading

Megawide-led consortium submits highest bid for Mactan airport

Megawide-led consortium submits highest bid for Mactan airport

12 December 2013, Rappler.com by Cherrie Regalado   GMR Infrastructure and Megawide consortium submitted the highest bid for the Cebu Mactan International Airport deal. The consortium offered a P14.4-billion premium bid for the Cebu Mactan International airport expansion project. All other bidders submitted premium bids as well. “A premium bid is when companies pay the government to... continue reading

Megawide and India’s GMR make highest bid for Mactan-Cebu airport project

Megawide and India’s GMR make highest bid for Mactan-Cebu airport project

12 December 2013, GMA News   Megawide Construction Corp. and partner GMR of Bangalore, India bested investors led by SM Group, Ayala Corp., San Miguel Corp., JG Summit Holdings Inc., and Metro Pacific Investments Corp. by bidding P14.404 billion to take on the Mactan-Cebu International Airport expansion project. The consortium GMR Infrastructure of India-Megawide made... continue reading

Megawide-led group set to bag airport PPP

Megawide-led group set to bag airport PPP

12 December 2013, Business World MEGAWIDE Construction Corp. and India’s GMR Infrastructure Ltd. are likely to bag the P17.5-billion Mactan-Cebu International Airport (MCIA) project, the largest public-private partnership (PPP) deal offered so far by the government.  The consortium beat six others including the country’s top conglomerates, offering a premium of P14.4 billion for a 25-year... continue reading